Key Points
- Insider Patricia-Lynn Penney sold shares repeatedly in Fortune Minerals, including 101,500 shares on May 6 for C$16,240, after several other sales earlier in the week. The transactions significantly reduced her reported ownership in the company.
- Fortune Minerals shares were trading near C$0.17 at the time of the report, close to the stock’s 52-week low of C$0.06 and below its 52-week high of C$0.22. The company’s market cap was about C$100.29 million.
- The company is focused on developing its NICO cobalt-gold-bismuth-copper project in the Northwest Territories, along with a planned hydrometallurgical plant in southern Canada. It also owns the nearby Sue-Dianne deposit, which could provide future mill feed.
Fortune Minerals Limited (TSE:FT - Get Free Report) insider Patricia-Lynn Penney sold 101,500 shares of the business's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$0.16, for a total value of C$16,240.00. Following the transaction, the insider directly owned -34,500 shares of the company's stock, valued at approximately C($5,520). This represents a 151.49% decrease in their ownership of the stock.
Patricia-Lynn Penney also recently made the following trade(s):
- On Monday, May 4th, Patricia-Lynn Penney sold 256,500 shares of Fortune Minerals stock. The stock was sold at an average price of C$0.17, for a total value of C$43,605.00.
- On Monday, May 4th, Patricia-Lynn Penney sold 76,500 shares of Fortune Minerals stock. The stock was sold at an average price of C$0.16, for a total value of C$12,240.00.
- On Tuesday, May 5th, Patricia-Lynn Penney sold 250,000 shares of Fortune Minerals stock. The stock was sold at an average price of C$0.16, for a total value of C$40,000.00.
- On Thursday, May 7th, Patricia-Lynn Penney sold 4,500 shares of Fortune Minerals stock. The stock was sold at an average price of C$0.16, for a total value of C$720.00.
- On Friday, May 8th, Patricia-Lynn Penney sold 561,000 shares of Fortune Minerals stock. The stock was sold at an average price of C$0.16, for a total value of C$89,760.00.
Fortune Minerals Stock Performance
Shares of Fortune Minerals stock opened at C$0.17 on Tuesday. Fortune Minerals Limited has a one year low of C$0.06 and a one year high of C$0.22. The company has a market cap of C$100.29 million, a PE ratio of -16.50 and a beta of -1.69. The company has a debt-to-equity ratio of -177.44, a quick ratio of 0.04 and a current ratio of 0.20. The business has a 50-day simple moving average of C$0.12 and a 200-day simple moving average of C$0.11.
Fortune Minerals Company Profile
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Get Free Report)
Fortune Minerals Ltd is a Canadian mining and mine development company focused on developing the NICO Cobalt-Gold-Bismuth Copper Project in the Northwest Territories. The company plans to build a hydrometallurgical plant in southern Canada to process NICO metal concentrates. It also owns the satellite Sue-Dianne Copper-Silver-Gold Deposit located 25 km north of the NICO Project, which is a potential future source of incremental mill feed to extend the life.
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